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Sunday, April 2, 2023

The Street Is Finally Waking Up To Squarespace Inc. (NYSE: SQSP)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Squarespace Inc. (SQSP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.85, or 3.21%, to $27.30. The Squarespace Inc. has recorded 15,491 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Squarespace Announces Fourth Quarter and Full Year 2022 Financial Results.

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Stocks Info

Squarespace Inc. is listed on the NYSE as a member of the Technology sector and is a part of the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $26.45 and fluctuated between $26.72 as its day high and $25.78 as its day low. The current market capitalization of Squarespace Inc. is $3.65B. A total of 0.76 million shares were traded on the day, compared to an average of 673.58K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SQSP has seen 6 BUY and 4 SELL insider trades, representing the acquisition of 61,406 and the disposition of 701,083 shares. Over the last 12 months, there were 13 BUYs and 49 SELLs from insiders. Insiders purchased 98,071 shares during that period but sold 13,024,147.

In the most recent transaction, O’Connor Courtenay sold 21,801 shares of SQSP for 23.14 per share on Feb 24. After the transaction, the General Counsel and Secretary now owns 38,216 company shares. In a previous transaction on Feb 02, O’Connor Courtenay sold 7,028 shares at 25.23 per share. SQSP shares that General Counsel and Secretary owns now total 38,216.

Among the insiders who sold shares, Index Venture Growth Associate disposed of 668,902 shares on Dec 16 at a per-share price of $20.10. This resulted in the 10% Owner holding 0 shares of SQSP after the transaction. In another insider transaction, Index Ventures Growth I Parall sold 89,325 shares at $21.33 per share on Dec 02. Company shares held by the 10% Owner now total 298,419.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SQSP in the last 3 months, the mean price target is $29.00 with high estimates of $36.00 and low estimates of $25.00. In terms of 52-week highs and lows, SQSP has a high of $30.69 and a low of $14.43.

As of this writing, SQSP has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.35 per share and a lower estimate of -$0.02. The company reported an EPS of $0.45 in the last quarter, which was 200.00% higher than expectations of $0.15.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SQSP is Underweight with a score of 3.64. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 11 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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